[ad_1] Bitcoin rebounded, reaching its peak level since Trump’s “Liberation Day” tariff declarations, whilst the dollar weakened due to growing concerns about the US president’s attempts to dismiss Federal Reserve Chairman Jerome Powell.The premier cryptocurrency‘s value increased approximately 3 per cent to exceed $87,600 on Monday morning in Singapore, as Bloomberg’s data indicated. This recovery…
[ad_1] Chinese President Xi Jinping with US counterpart Donald Trump China on Monday said that they firmly opposes any nations reaching a deal with the United States at the expense of Chinese interests and vowed to take “countermeasures” if interests are compromised. The statement came on Monday after reports that Donald Trump may offer tariff…
[ad_1] The trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs.Strategists at Goldman Sachs recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive. [ad_2] Source link
[ad_1] BENGALURU: India’s deeptech ecosystem – comprising startups in AI, spacetech, advanced manufacturing, and semiconductor design – added over 480 new ventures in 2023, up two times the previous year. The cumulative base now stands close to 4,000.In 2024, the sector experienced a remarkable surge in funding, with investments rising by 78% compared to the…
[ad_1] BENGALURU: Craft beer maker Bira 91 is experiencing increased unrest among both current and former employees, who have cited issues such as pending salaries, unreimbursed allowances, and unresolved dues.These concerns linger months after the company began a restructuring exercise that was never officially labelled a layoff.A former sales employee reported, “I was told to…
[ad_1] DHL Express, the logistics arm of Germany’s Deutsche Post, will temporarily suspend global business-to-consumer (B2C) shipments exceeding $800 to recipients in the United States starting April 21, citing recent changes in US customs regulations, Reuters reported.According to a notice posted on DHL’s website — metadata of which indicated it was compiled on Saturday —…
[ad_1] NEW DELHI: Indian toy exporters are looking to tap into a “golden opportunity” created by the US imposing high tariffs on Chinese goods, as more American buyers search for alternative suppliers to reduce their dependence on China.“The US is a big market for toys and we will be benefited if China is subjected to…
[ad_1] Investors are set to closely track a combination of domestic and global cues this week, with corporate quarterly earnings, foreign institutional investor (FII) activity, and potential tariff-related developments from the US expected to steer equity market sentiment, analysts said.According to experts, stock-specific action driven by fourth-quarter and annual results for FY25 will continue to…
[ad_1] Foreign Portfolio Investors (FPIs) made a strong comeback to Indian equities last week, pumping in nearly Rs 8,500 crore amid signs of renewed confidence driven by India’s economic resilience and relative immunity to global trade shocks.During the holiday-shortened trading week ended April 18, FPIs made net investments of Rs 8,472 crore in the equity…
[ad_1] The combined market capitalisation of India’s ten most valued companies soared by Rs 3,84,004.73 crore last week, driven by a strong rebound in equities, with HDFC Bank and Bharti Airtel emerging as the top gainers.The BSE benchmark Sensex rallied 3,395.94 points or 4.51 per cent, while the NSE Nifty surged 1,023.1 points or 4.48…
